Friday

29th Mar 2024

Ticker

EU's Frontex border agency set for 34% budget increase

The European Commission on Wednesday, in its draft EU budget proposal for 2020, said Frontex, the EU's border and coast agency, should get €420.6m. That sum is a 34.6 percent increase compared to 2019. The money is slated to help set up a standing corps of 10,000 border guards by 2027.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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